Riverchase Wealth Management LLC Invests $308,000 in Exxon Mobil Co. (NYSE:XOM)

Riverchase Wealth Management LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,861 shares of the oil and gas company's stock, valued at approximately $308,000.

Other hedge funds have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC increased its stake in shares of Exxon Mobil by 16.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 272,991 shares of the oil and gas company's stock valued at $29,366,000 after buying an additional 37,989 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Exxon Mobil by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,125,575 shares of the oil and gas company's stock valued at $228,648,000 after purchasing an additional 11,860 shares during the period. Broadway Wealth Solutions Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $765,000. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $1,849,000. Finally, New Age Alpha Advisors LLC boosted its stake in shares of Exxon Mobil by 140,292.1% during the fourth quarter. New Age Alpha Advisors LLC now owns 178,298 shares of the oil and gas company's stock valued at $19,180,000 after purchasing an additional 178,171 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $0.23 during trading on Friday, reaching $117.66. 10,220,644 shares of the company traded hands, compared to its average volume of 15,706,266. The stock has a market cap of $510.53 billion, a P/E ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. The firm's fifty day simple moving average is $110.73 and its 200 day simple moving average is $113.71. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

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Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company earned $2.48 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.37%. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Scotiabank decreased their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Morgan Stanley cut their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $129.05.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.